Avestar Capital LLC Buys 86 Shares of Royal Caribbean Cruises Ltd. (NYSE:RCL)

Avestar Capital LLC grew its holdings in shares of Royal Caribbean Cruises Ltd. (NYSE:RCL) by 4.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,881 shares of the company’s stock after buying an additional 86 shares during the period. Avestar Capital LLC’s holdings in Royal Caribbean Cruises were worth $334,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Wedge Capital Management L L P NC grew its position in Royal Caribbean Cruises by 2.6% during the 3rd quarter. Wedge Capital Management L L P NC now owns 289,518 shares of the company’s stock valued at $51,349,000 after purchasing an additional 7,298 shares during the last quarter. QRG Capital Management Inc. raised its stake in shares of Royal Caribbean Cruises by 17.2% in the second quarter. QRG Capital Management Inc. now owns 38,613 shares of the company’s stock worth $6,156,000 after purchasing an additional 5,655 shares during the last quarter. Souders Financial Advisors bought a new position in shares of Royal Caribbean Cruises during the third quarter valued at $800,000. Swiss National Bank raised its position in Royal Caribbean Cruises by 0.5% in the 3rd quarter. Swiss National Bank now owns 725,638 shares of the company’s stock worth $128,699,000 after buying an additional 3,800 shares during the last quarter. Finally, New Wave Wealth Advisors LLC bought a new position in Royal Caribbean Cruises during the 2nd quarter valued at about $611,000. Institutional investors own 87.53% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Tigress Financial increased their price objective on shares of Royal Caribbean Cruises from $210.00 to $270.00 and gave the company a “buy” rating in a research report on Thursday, November 7th. Stifel Nicolaus increased their price target on Royal Caribbean Cruises from $200.00 to $230.00 and gave the company a “buy” rating in a report on Friday, October 11th. Truist Financial lifted their price objective on Royal Caribbean Cruises from $175.00 to $204.00 and gave the stock a “buy” rating in a report on Thursday, September 26th. Barclays increased their target price on Royal Caribbean Cruises from $244.00 to $245.00 and gave the company an “overweight” rating in a report on Wednesday, October 30th. Finally, UBS Group boosted their price target on Royal Caribbean Cruises from $168.00 to $183.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, Royal Caribbean Cruises has a consensus rating of “Moderate Buy” and a consensus target price of $224.38.

Royal Caribbean Cruises Stock Down 1.2 %

Shares of RCL opened at $241.62 on Thursday. The business’s 50 day moving average is $205.42 and its 200 day moving average is $173.61. The company has a current ratio of 0.19, a quick ratio of 0.16 and a debt-to-equity ratio of 2.63. Royal Caribbean Cruises Ltd. has a 12-month low of $105.36 and a 12-month high of $245.91. The company has a market capitalization of $64.97 billion, a PE ratio of 24.83, a price-to-earnings-growth ratio of 0.63 and a beta of 2.59.

Royal Caribbean Cruises (NYSE:RCL) last released its quarterly earnings data on Tuesday, October 29th. The company reported $5.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.05 by $0.15. Royal Caribbean Cruises had a net margin of 16.21% and a return on equity of 52.92%. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the business posted $3.85 earnings per share. The company’s revenue for the quarter was up 17.5% compared to the same quarter last year. Research analysts expect that Royal Caribbean Cruises Ltd. will post 11.64 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Henry L. Pujol sold 6,723 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $208.51, for a total value of $1,401,812.73. Following the sale, the chief accounting officer now owns 9,964 shares in the company, valued at approximately $2,077,593.64. The trade was a 40.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Arne Alexander Wilhelmsen sold 230,000 shares of the stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $233.62, for a total transaction of $53,732,600.00. Following the transaction, the director now owns 18,556,860 shares of the company’s stock, valued at $4,335,253,633.20. This trade represents a 1.22 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 404,332 shares of company stock worth $94,299,521 in the last 90 days. 7.95% of the stock is currently owned by corporate insiders.

Royal Caribbean Cruises Company Profile

Royal Caribbean Cruises Ltd. operates as a cruise company worldwide. The company operates cruises under the Royal Caribbean International, Celebrity Cruises, and Silversea Cruises brands, which comprise a range of itineraries. As of February 21, 2024, it operated 65 ships. Royal Caribbean Cruises Ltd.